2013 Whitman Rd
Colorado SpringsCO80910
Cheap Homes for Rent in Downtown Neighborhood of Colorado Springs, CO from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Colorado Springs.
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$8001 Bedroom Apartments Available Now
208 Custer Ave, Unit Bedroom 2
208 Custer AveColorado Springs, CO 80903
208 Custer Ave
Colorado SpringsCO80903
732 S Royer St
Colorado SpringsCO80903
1523 S Fountain St
Colorado SpringsCO80910
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$1,0951 Bedroom Apartments Available Now
319 E Brookside St, Unit 15
319 E Brookside StColorado Springs, CO 80905
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
912 1/2 E Cimarron St
Colorado SpringsCO80903
940 S Arcadia St
Colorado SpringsCO80903
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$1,2501 Bedroom Apartments Available May 24
637 E Willamette Ave, Unit 4
637 E Willamette AveColorado Springs, CO 80903
410 E Dale St
Colorado SpringsCO80903
415 S Weber St
Colorado SpringsCO80903
430 W Pikes Peak Ave
Colorado SpringsCO80905
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-12, Page 1 of 1
Downtown, Colorado Springs, CO Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,131 | $1,222 | $4,000 |
| Downtown 3 Bedroom Homes for Rent | $2,336 | $1,313 | $3,000 |
| Downtown 4 Bedroom Homes for Rent | $1,936 | $650 | $2,800 |
| Downtown 5 Bedroom Homes for Rent | $2,853 | $2,650 | $3,056 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Colorado Springs, CO.
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Colorado Springs, CO is a 1 Bed unit found at Southgate Commons priced from $705. Sienna Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $705 |
| Sienna Place | 1X1 | 1BR,1BA | $799 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $850 |
| Tamarac | 2x1 40% | 2BR,1BA | $908 |
Best Value Apartments for Rent in Downtown, CO
As of April 20, 2026 the best value apartment in the Downtown area is the $1.42 price per square foot 2x2 60% Model at Shooks Run in the in the Downtown neighborhood starting from $1,414. The second greatest value Downtown apartment is the 119 Farragut Ave Model at 119 Farragut Ave starting at $1,375 with a $1.45 price per square foot in the Memorial Park neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shooks Run | 2x2 60% | 2BR,2BA | $1.42 |
| 119 Farragut Ave | 119 Farragut Ave | 1BR,1BA | $1.45 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $1.18 |
| Park Bonfoy | A3 | 1BR,1BA | $1.41 |
| Sienna Place | 2X1 | 2BR,1BA | $1.30 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $1.67 |
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $1.29 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 240 Apartments for Rent in Downtown, CO with pricing that ranges from $799 to $4,543. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $650 to $4,000.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $650 to $4,000 with an average monthly rent of $2,139.
How much are larger Three and Four Bedroom Rentals in Downtown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,313 to $4,543, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,313 to $3,000. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $3,800.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO
Written by: Darla Ferrara
Just the name Colorado Springs makes me think of home. I’m Darla, your ApartmentHomeLiving.com Local Expert for Colorado Springs, CO.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.